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StocksMedium•17 April 2026•

1 min read

BMO Capital Raises Duke Energy Price Target to $143 on Data Center Growth

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Key Facts

1BMO Capital raised Duke Energy's price target to $143 from $136 while maintaining an 'Outperform' rating.

2The firm expects earnings growth driven by data center uptake and long-term onboarding activities.

BMO Capital has increased its price target for Duke Energy (DUK) to $143 from $136, maintaining an 'Outperform' rating on the stock. The upward revision is primarily driven by expectations of robust earnings growth fueled by surging energy demand from data centers. Analysts highlighted that the company's long-term onboarding activities and expansion plans remain on a solid trajectory. Furthermore, the strategic sale of the Tennessee Piedmont Natural Gas business has provided essential funding for capital projects while simultaneously reducing corporate debt. This improved capital structure positions Duke Energy favorably within the utility sector. The firm's outlook remains positive as it capitalizes on the increasing infrastructure needs of the technology industry.